Commercial Vehicle Group (CVGI) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Commercial Vehicle Group (NASDAQ:CVGI) from a buy rating to a hold rating in a report released on Friday morning.

Separately, Zacks Investment Research cut shares of Commercial Vehicle Group from a buy rating to a hold rating in a research note on Friday, August 11th.

Shares of Commercial Vehicle Group (CVGI) traded down $0.16 on Friday, hitting $10.98. 328,400 shares of the stock were exchanged, compared to its average volume of 258,292. Commercial Vehicle Group has a 52 week low of $5.12 and a 52 week high of $11.85. The company has a market cap of $336.63, a P/E ratio of 32.29 and a beta of 1.00. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The company had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $173.90 million. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. Commercial Vehicle Group’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. analysts expect that Commercial Vehicle Group will post 0.32 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its holdings in Commercial Vehicle Group by 54.7% in the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after buying an additional 5,412 shares during the period. SG Americas Securities LLC bought a new position in Commercial Vehicle Group in the 3rd quarter valued at about $139,000. The Manufacturers Life Insurance Company increased its holdings in Commercial Vehicle Group by 10,810.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock valued at $195,000 after buying an additional 22,809 shares during the period. Rhumbline Advisers bought a new position in Commercial Vehicle Group in the 2nd quarter valued at about $225,000. Finally, New York State Common Retirement Fund bought a new position in Commercial Vehicle Group in the 2nd quarter valued at about $227,000. Institutional investors and hedge funds own 76.44% of the company’s stock.

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About Commercial Vehicle Group

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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